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io.net crypto network (IO)

Past
Total Raise: $40,000,000
Date: 07 Jun - 11 Jun 2024

io.net is a decentralized AI computing and cloud platform that allows computing power providers to contribute to the network and receive rewards in $IO tokens while allowing machine learning startups to consume those resources. 

It is powered by the native $IO token, which acts as a main currency for payments within the network, rewarding node runners, providing users with access to the platform’s DAO, staking and delegating the tokens to NoOps.

Since its inception in 2022, the company has managed to raise an impressive $40M from top-tier funds including Delphi Ventures, Multicoin Capital, and others, while achieving a $296M valuation.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

io.net crypto network Overview

Ticker: IO
Country: United States
Founded: 2022
Whitelist: No
Blockchain Network: Solana, Aptos.
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: No

io.net crypto network Review

🤔 What is io.net?

Io.net is a decentralized Physical Infrastructure Network (DePIN), offering AI machine learning engineers distributed solutions for accessing computing power. 

It acts as a computing power marketplace for machine learning engineers and network contributors, allowing users to provide their computing power and storage in exchange for rewards. On the other side, Io.net allows AI engineers to consume it for a fee paid in io.net coin ($IO) to the ionet crypto network.

🪙 io.net token ($IO): $IO is the utility and governance token of the io.net crypto network, which is used for staking, delegating, paying fees by computing power consumers, rewarding node runners, and granting access to the DAO votings within the platform.

The platform has already confirmed the token launch in its docs and colcluded first of three phases of the $IO airdrop campaign, allocating over 10% to the community. Later, on June 5th, 2024, the Binance exchange announced an IEO and listing of the $IO token on its platform on June 11th, 2024.

The IEO will start on June 7th, 2024, and will last until the initial listing of the token on the Binance exchange. Considering the rising interest in the io.net crypto project and its token $IO, the CoinLaunch team researched the project and $IO IEO. Here are the major pros and cons of the project:

 

✅ io net pros: 

  • Big potential and utility of the product;
  • One of the biggest DePIN project into the cryptocurrency space;
  • Low Initial MC / FDV ratio (11.825%);
  • Listing and IEO of the token on Binance;
  • High SMM, PR and Growth Marketing performance;
  • Above the average Influencer marketing score;
  • Multiple top tier funds invested into the project over $40M;
  • Presence of top tier partners supporting the project;
  • Some of the C-level team members have work experience in Ethereum foundation and Facebook.

❌io net cons:

  • The DePIN narrative currently weak among the crypto market;
  • Relatively annual average token inflation rate (25.2%);
  • High Fully Diluted Valuation (over $295M) even considering the private funding price of $0.3695 per token;
  • There’s no any public security audits of the platform;
  • Below the average SEO performance;
  • Weak Marketing  Infrastructure.

io.net crypto network Token Economy

Total Raise: $40,000,000
Total Supply: 800,000,000
Private/Pre-sale: 181,200,000 (22.65%)
Public Sale: 20,000,000 (2.5%)
Fully Diluted Valuation (FDV): $295,600,000
Initial Circulation Supply: $35,102,000 (11.87% of FDV)

io.net crypto network Token Sale (ICO & IDO) Rounds

IEO: Jun 2024 Past

Price: $0.3695
Tokens for sale: 20,000,000
Raise: $7,390,000
Lock-Up: 100% unlocked

io.net crypto network Token Release Schedule

ionet release schedule

io.net crypto network Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  08 Jun 2024 Upgrade

io.net crypto network Team

Ahmad Shadid
Ahmad Shadid
CEO
Basem Oubah
Basem Oubah
Co-Founder
Tory Green
Tory Green
COO
Garrison Y.
Garrison Y.
CSO & CMO

io.net crypto network News

io.net crypto network Roadmap

2023 Q2
  • Completed seed fundraise round.  
  • io.net becomes Render’s first open computer client on the network.  
2023 Q3
  • io.net was a gold sponsor of the Ray Summit in San Francisco where it demonstrated its ability to use Ray to cluster GPUs in under 10 seconds.
2023 Q4
  • Public launch at the main stage of Solana Breakpoint.
  • Launch of BC8.AI, a fully decentralized ML model.
  • io.net won the Grand Prize and Gold in Computer Science at 2023 Inventions Asia Awards
2024 Q1-Q2
  • Launch of $IO token and airdrop

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